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Sport

U.S. investor buys stake in Celtic

NEW YORK (Reuters) - Celtic said on Thursday that California-based investor John Fisher has bought a stake in the Scottish Premier League side.

Celtic said Fisher’s Atlas LLC holds shares representing 3.24 percent of the voting rights in the club.

Fisher, the son of Gap founder Donald Fisher, is one of the owners of Major League Baseball’s Oakland Athletics and an investor in Major League Soccer’s San Jose Earthquakes.

According to Reuters data, the club has a current market value of roughly 58 million pounds, and its biggest shareholder is Irish billionaire Dermot Desmond.

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